Property Overview: 707 Munroe Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 707 Munroe Avenue in the Munroe East neighbourhood presents a solid, value-oriented opportunity. Built in 1962, it stands out on its own street for being newer than many neighbouring homes. Its key strength is space: with 1,138 sqft of living area, it is notably larger than most comparable homes on Munroe Avenue and in the immediate area. This is complemented by an above-average lot size of just over 5,100 sqft for the street, offering good outdoor space.
The appeal lies in its strong positional value within a local context. While its assessed value and features are around the city-wide average, it ranks consistently above average for its specific street and neighbourhood in terms of living space, lot size, and modern build year. This suggests a property that is a standout performer on its block. It last sold between $250,000 and $300,000 in 2020.
This property would suit a practical first-time homebuyer or an investor looking for a well-sized, no-fuss home in a stable neighbourhood. It’s also a sensible choice for someone who values more interior and yard space relative to other homes on the same street, offering a sense of value and room to grow without a premium city-wide price tag.
Section 2: Frequently Asked Questions
1. How does this home really compare to others nearby?
The data shows this home is a strong performer on its own street. It's in the top 20% of Munroe Avenue for living area, lot size, and year built, meaning it offers more space and is newer than most direct neighbours.
2. What does the assessed value tell me?
The assessed value of $30,900 is for municipal tax purposes and is not market value. It indicates the home is valued above average for its street but around the average for the wider city, which can sometimes point to a relatively efficient tax position for the features offered.
3. The home was built in 1962. What should I consider?
While newer than many homes on the street (average year built is 1949), a 1962 home will likely have had several major systems, like roofing, windows, and plumbing, updated over time. A key question for the seller or an inspection would be the update history of these components.
4. Can I find out the exact past sale price?
The public record shows a sale price range of $250,000-$300,000 for 2020. The listing service notes that the exact sale price can be provided upon request via email, as they manually verify this data from non-public sources.
5. What are the potential trade-offs?
The home's size is above average for the area but slightly below the city-wide average. This highlights a common dynamic: you are acquiring a spacious home for this specific neighbourhood, which is excellent for local living and value, but it may not have the sheer square footage of newer suburban builds.